PFC Consulting Transfers 2 Subsidiaries To Adani Transmission For Implementing Projects

Adani Transmission had emerged as the successful bidder for these two transmission projects on January 18.

Adani Transmission had emerged as the successful bidder for these two transmission projects on January 18.

January 19, 2022 / 10:44 PM IST

(Representative image)

(Representative image)

State-owned Power Finance Corporation on Wednesday said its arm PFC Consulting Ltd has transferred two wholly-owned subsidiaries to Adani Transmission Ltd for implementing power transmission projects. Adani Transmission had emerged as the successful bidder for these two transmission projects on January 18, according to a BSE filing.

As per the filing, the two firms that are transferred to Adani Transmission are Karur Transmission Ltd and Khavda-Bhuj Transmission Ltd. Karur Transmission Ltd is established for the development of “evacuation of power from RE (renewable energy) sources in Karur/ Tirrupur Wind Energy Zone (Tamil Nadu) (1,000 MW) under Phase-I”.

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Khavda-Bhuj Transmission Ltd is established for the development of a “transmission scheme for evacuation of three GW RE injection at Khavda PS under Phase-1”.

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Source: https://www.moneycontrol.com/news/business/pfc-consulting-transfers-2-subsidiaries-to-adani-transmission-for-implementing-projects-7960131.html

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